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the 2% payroll tax cut which was intend to be temporary, helped support after-tax income and consumption. in the g.d.p. report we saw 14 quarters in a row of consumption growth. the part that didn't pass would have helped the economy even stronger, to be even stronger >> darren: are we going to hear the president talk about job growth in the state of the union address? >> well, i have worked for the britain long fluff to know not to front-run the state of the union address, but i can tell you job growth economic growth is the president's top priority, that moat varktz for example, immigration reform. you will continue to hear from the president his vision for strengthening the economy and creating more jobs. >> darren: we have 12 million people who are unemployed right now. how long until we get down to a more normal number? >> i don't want to make a precise forecast. we'll release our forecast with the budget. but i will say that we'd like to strengthen job growth. over eight million jobs were lost by the recession. so there's a deep hole to dig our way out, and it's important we contin
the 2% payroll tax cut which was intend to be temporary, helped support after-tax income and consumption. in the g.d.p. report we saw 14 quarters in a row of consumption growth. the part that didn't pass would have helped the economy even stronger, to be even stronger >> darren: are we going to hear the president talk about job growth in the state of the union address? >> well, i have worked for the britain long fluff to know not to front-run the state of the union address, but i...
SFGTV2: San Francisco Government Television
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you spend $3 trillion on the budget and tax cut for the wealthiest americans and took their money to the camen islands and not in america and having huge threats and medicaid and medicare and threaten the scpeerns that is violence. number one and must commit ourselves to the ban on assault weapons. we lost about 6,000 americans in iraq in 10 years. lose 30 to 50,000 a home at home. 100,000 are injured and didn't die and the highest cost in any city is the emergency room hospitals in those cities where they're shot. [inaudible] shot by ak47's. we have a lot of role in the killing of syria. 9/11 /12 in benghazi. [inaudible] yards away. we must revive the ban on these adult suspects. i don't want to. >> >> >> deemphasize the drug culture and americans and so we have this crisis mr. mayor of plants closing when the cheap labor markets, jobs leaving, drugs and guns coming. that requires a national effort by all of us. while i reach out to you in san francisco those that hear my voice please stop the killing. please stop drug flow. please give peace a chance. in this instance means that la
you spend $3 trillion on the budget and tax cut for the wealthiest americans and took their money to the camen islands and not in america and having huge threats and medicaid and medicare and threaten the scpeerns that is violence. number one and must commit ourselves to the ban on assault weapons. we lost about 6,000 americans in iraq in 10 years. lose 30 to 50,000 a home at home. 100,000 are injured and didn't die and the highest cost in any city is the emergency room hospitals in those...
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how much impact do you think the payroll tax hike is going to have on growth? >> consumers are faced with a drop in real disposable income of more than 2% in the first quarter. that's going to impact spending. that's going to shave at least a percentage point off of g.d.p. growth. >> reporter: and slower growth, of course, means less hiring. but many economists believe that will only be a temporary setback to the economy while people adjust, scott. >> pelley: anthony, one of the worst problems in unemployment has been long-term unemployment. have we made a dent in that? >> reporter: scott, there are still 4.7 million people out there who are out of work more than six months, but this is encouraging. the average length a person is unemployed has dropped to 35.3 weeks, and that is now the lowest in more than two years. >> pelley: making a comeback. anthony, thanks very much. the white house is looking to head off a new supreme court battle over health care and specifically the requirement that insurance cover birth control. the administration today proposed a com
how much impact do you think the payroll tax hike is going to have on growth? >> consumers are faced with a drop in real disposable income of more than 2% in the first quarter. that's going to impact spending. that's going to shave at least a percentage point off of g.d.p. growth. >> reporter: and slower growth, of course, means less hiring. but many economists believe that will only be a temporary setback to the economy while people adjust, scott. >> pelley: anthony, one of...
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nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into perspective, their tax bill was greater than the entire gdp of morocco. think about it. an entire country. talk about there fair share. the fair share, if that's what we are striving more, the irs has to give its money back. unlike your pet projects like solyndra, exxon is more than profitable, and it puts money back into the economy in the form of nearly $37 billion in energy investments. stop making them out to be the bad guys. like you have other successful americans that take pride in a u.s. company being number one in the world. that's a good thing. coming up next, traders
nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into...
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. >> he has had controversy like the 2009 conviction of a tax office employe for embezzling $50 million from the city. recently a securities and exchange commission investigation. a columnist says overall, he will be remembered for helping revive the destruct. >> he presided over a good transition. >> the mayor called him an exemplary stored of the city's finances and he will remain in office at city hall until june 1. reporting live downtown, horace holmes, abc 7 news. >> we had a snowy start to a cold day. >> there is more snow in the future. let's get to chief meteorologist doug hill. >> clear and cold tonight tomorrow more snow in the forecast. the belfort furniture weather center, just a little over an inch in olney, frederick haymarket and mclane in southern maryland. heavier amounts on the eastern shore and the delaware. it is only 21 north and west of the city. 26 washington. couple that with the gusty wind, the wind chill is in the single digits. clear and cold tonight, but then watched as the system moves out the high pressure moves in tonight. already to the north and west, w
. >> he has had controversy like the 2009 conviction of a tax office employe for embezzling $50 million from the city. recently a securities and exchange commission investigation. a columnist says overall, he will be remembered for helping revive the destruct. >> he presided over a good transition. >> the mayor called him an exemplary stored of the city's finances and he will remain in office at city hall until june 1. reporting live downtown, horace holmes, abc 7 news....
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he says we can't go back to the same ideas which was deregulation which was tax cuts for the top, all of that. then they want, again, change the language as melissa says, we went from talking about stimulus to deficit. and like we could cut our way out of debt. and when you look at the comparison between private sector job growth under president obama and under george w. bush, more than 650,000 private sector jobs were lost you should bush while so far more than 470,000 private sector jobs had been added under president obama. so when you look at where we started, look at the comparison they're really trying to play with our minds. >> there's a terrific irony going on here. each month you have the republicans saying a ha, the job growth isn't as high as it should be. or saying a ha, the economy isn't growing at the pace that it should be. well, why isn't it? that's because the republicans succeeded in getting the government to cut back its spending. so the reason the jobs growth has not been higher is because just as private sector job growth is increasing, government jobs are decreas
he says we can't go back to the same ideas which was deregulation which was tax cuts for the top, all of that. then they want, again, change the language as melissa says, we went from talking about stimulus to deficit. and like we could cut our way out of debt. and when you look at the comparison between private sector job growth under president obama and under george w. bush, more than 650,000 private sector jobs were lost you should bush while so far more than 470,000 private sector jobs had...
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. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other indicators remain positive. >> consumer spending increased. business investment; particularly, for equipment and software was strong. residential construction was strong. we are seeing signs of that in the jobs report. >> it also showed a larger number of people dropped out of the labor force than found jobs. former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fair number of people retiring every month for the next ten years or more as the baby boom is retiring. >> actually, the conference
. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other...
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most important way is the earned income tax credit saying if you're working full time and you're only earning this much money, we, the government, give you more subsidy to reward you for working and get you to continue working. you only get it if you work until you're to the point where you aren't anymore. the problem with that is policies have to put that money aside in the budget to pay for it. it's easier to say, raise the minimum wage. melissa: doesn't have the same impact. steve, thank you for coming on. >> my pleasure. melissa: is raising the minimum wage a good or bad idea? your responses were mixed, but more think it's a bad idea than a good one. maybe you did the math with me. we want to hear from more of you. like us on facebook or follow me on twitter. okay, things could go from bad to worse for boeing. 23,000 of its engineering may go on strike, and the build 787 dreamliner debacle could be soaring. can they pull out of the financial tail spin? details next. if your kids are like my two sons, they go crazy at the very sight of this. my are watching at home. the demand for
most important way is the earned income tax credit saying if you're working full time and you're only earning this much money, we, the government, give you more subsidy to reward you for working and get you to continue working. you only get it if you work until you're to the point where you aren't anymore. the problem with that is policies have to put that money aside in the budget to pay for it. it's easier to say, raise the minimum wage. melissa: doesn't have the same impact. steve, thank you...
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the repate ration tax is gigantic. that's why a lot of money is overseas in tax haven. get the money back to the united states so they'll hire and spend capital. that's how you get the economy to grow. >> do you think we see 15,000 this year? it's only the first month. >> here's the funny thing. a lot of people are on the sidelines. that money will come in because bond rates are at 2%. >> are you one of the those people on the sidelines? >> i've been in but i'm getting nervous. at some point the market will say i'm over valued, i've got to correct. everybody is calling for correction. that means the market will continue upward. >> there were a lot of guys like you, scott, in the middle of the crisis. >> i thought i was one o one ofa kind. >> you said maybe we should take the money out of the market, don't play that. then you missed this rally. what's your advice for the average investor. >> you have to start legging in here. i really do, i think the market is going to reward you for taking on some risk. there's really nowhere else to go, jenna. even corporate bobbe bond
the repate ration tax is gigantic. that's why a lot of money is overseas in tax haven. get the money back to the united states so they'll hire and spend capital. that's how you get the economy to grow. >> do you think we see 15,000 this year? it's only the first month. >> here's the funny thing. a lot of people are on the sidelines. that money will come in because bond rates are at 2%. >> are you one of the those people on the sidelines? >> i've been in but i'm getting...
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year due to the payroll tax coming back. so we do think that is going to hurt the consumer toward the end of the year and consumption makes up 71% of our economic growth. david: well, jeff, it is guessing game whether we're going into recession or not but no guessing game about europe. europe is in a recession. you think it will stay there for all of 2013 that is pretty bearish. why do you think so? >> well i think the market is happy right now because the market looks at two things. euro stronger relative to the dollar. that is a good sign the market is looking for. and our 10-year, spanish government bond yield is lower than they were two months ago or three months agop or six months ago. those conditions hold. crisis is over, right, david? wrong. when you look at actual data, credit, the credit to the private sector continues to contract and for me that is the heart of industry. and that means you're going to be recession. 2013. >> that is the outlook. if you believe, mark maybe in the next couple years we might see reces
year due to the payroll tax coming back. so we do think that is going to hurt the consumer toward the end of the year and consumption makes up 71% of our economic growth. david: well, jeff, it is guessing game whether we're going into recession or not but no guessing game about europe. europe is in a recession. you think it will stay there for all of 2013 that is pretty bearish. why do you think so? >> well i think the market is happy right now because the market looks at two things. euro...
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and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job growth, all of those are lining up in favor of continued growth in the u.s. economy. wolf? >> christine, thank you. >>> president obama reportedly will be changing offices in the coming months, at least for a temporary period. the president will move out of the white house oval office into a replica across the street in the eisenhower executive office building. the current oval office was built during franklin roosevelt's term. it's due for a major, major renovation. >>> sad news from former president george w. bush and his wife laura, their 12-year-old dog has died. barney guarded the south lawn e
and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job...
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filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift up the people of this country. and no government doesn't have to do everything. of course. we understand that. but you know, the idea of declaring the wealthiest few in the country, the job creators, well, the job creators are the people who either do or do not have money to go to the stores and purchase things and to do for their families. and when they can't the economy sinks. >> rose: i want to talk about all of those, whether the digital revolution, but with washington we just had an election. >> yeah. >> rose: president obama re-elected. we see now some movement towards immigration reform. >> yeah. >> r
filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift...
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we did not extend the payroll tax this past year. what affect in the numbers from that? >> well, it is a little soon to really figure that out. i mean, it is true now that you mention it that the 157 in january is significantly off the pace of job creation in november and december. >> right. >> but i am quite certain that, you know, taking over 100 billion out of the 2013 economy already a bit wobbly by my lights is going to cost us on the growth and jobs side. >> yeah. one of the telling things was that in december there was a big jump in personal income because of people getting bonuses early and things like that. but spending didn't go up very much. and economists are expecting weak retail numbers for january. i think it's the seasonal adjustment factors again. my feeling is to see a drag in the third quarter. excuse me, the first quarter. and then have to be carried by the recovery of government spending because i don't think we have another drag on the economy from government spending in the first quarter. >> look. the moral of all of this actually and the context o
we did not extend the payroll tax this past year. what affect in the numbers from that? >> well, it is a little soon to really figure that out. i mean, it is true now that you mention it that the 157 in january is significantly off the pace of job creation in november and december. >> right. >> but i am quite certain that, you know, taking over 100 billion out of the 2013 economy already a bit wobbly by my lights is going to cost us on the growth and jobs side. >> yeah....
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. >> the whole issue of the uncertainty and people don't know if the taxes increase that's smoke and mirrors of wall street? >> convenient excuse. they're not spending money because they just haven't believed to make money spending it. >> the purpose of business is not to create jobs. it is to create profits and the line we had last year in the debate in the election was just a farce. if you can make money in your bottom line every quarter and not have to hire as many people, why would you hire more people? >> right. >> because they realize they can make more with less so the idea the corporations get more money and reduce taxes, hire people is not connected with reality. it is not the way business operates. >> buy a robot instead of hire ten people which is exactly what companies do. >> plenty of companies have done th that. thank you very much. >>> we have new information on the embassy attack on turkey. at least two people are dead. several injured. we have the latest on what the white house calling an act of terror. >>> and after being criticized by religious groups, for the cont
. >> the whole issue of the uncertainty and people don't know if the taxes increase that's smoke and mirrors of wall street? >> convenient excuse. they're not spending money because they just haven't believed to make money spending it. >> the purpose of business is not to create jobs. it is to create profits and the line we had last year in the debate in the election was just a farce. if you can make money in your bottom line every quarter and not have to hire as many people,...
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i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of talking about it, but in humanitarian immigrationen't any enforcement regime, we are doing something that is on sound. step one, acknowledged that in the immigration law that says a person, is not a bad person >> there were 13.6 million people who apply for diversity lotteries in 2010. those people were an understatement, because they were heads of households who had a spouse and kids. all but that number by two, three, four. think about the number of people without a high-school diploma. these are not bad people. step one, understand not o
i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of...
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wall street got all excited after tax records showed that a close out 2012 with more jobs being created than expected within the last few months of the year. certainly a positive sign for the economy. we're still above that mark. just 200 points away from an all-time high. we will be watching this market very closely. the s&p closing out its best january since 1997. if you're a woman chances are the guy sitting next year is getting paid more than you are. men out earned women in all 21 professions that bloomberg looked at for 2007. a man earning 62% more than their female counterparts as doctors. men may outturn women but we will know how to spend it. a lot of women know this brand. mary kay cosmetics. they're celebrating their golden anniversary. the cosmetics company revamping their website. this mobile shopping is your thing mary kay plans to debut a mobile version of the web site. thanks teal. still to come this midday. the medicine in your cabinet that's being recalled. but first, country star brett eldredge is here. he's talking with dina right now hey dina! we are so happy that y
wall street got all excited after tax records showed that a close out 2012 with more jobs being created than expected within the last few months of the year. certainly a positive sign for the economy. we're still above that mark. just 200 points away from an all-time high. we will be watching this market very closely. the s&p closing out its best january since 1997. if you're a woman chances are the guy sitting next year is getting paid more than you are. men out earned women in all 21...
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they won't charge you the tax penalty. so you have to insurance, have no access to health care but you won't have to pay that 1% tax. >> what happens to the estimated 5,000 kids? >> they don't 6 a solution to this. there is going to be millions of people that will fall into this glitch. this is something they did not anticipate. >> let's talk about this other situation that has just cropped up with health care. that is three years ago, congress created these panels. though -- tell us. what were the supposed to do. they never met. >> it's the work force commission. that was appointed in 2010 and like the one we talk about on the air and independent payment advisory board. this has 15 members. this one is making sure there is enough primary care doctors out there. especially in rural areas or nurse practitioners, someone to take care of people in underserved areas. i got to tell you back in the 1980s, they used to pay doctors to work in these clinics. you finish residency and go out to new mexico and we'll give you a stipend
they won't charge you the tax penalty. so you have to insurance, have no access to health care but you won't have to pay that 1% tax. >> what happens to the estimated 5,000 kids? >> they don't 6 a solution to this. there is going to be millions of people that will fall into this glitch. this is something they did not anticipate. >> let's talk about this other situation that has just cropped up with health care. that is three years ago, congress created these panels. though --...
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this theme that republicans and arch conservatives in the republican party really care about cutting taxes on the rich, but when you study the tea party and the folks in the tea party, the thing they actually really care about is immigration. it's a big priority for them. they do not want to offer "amnesty" of any kind. effectively, in taking up immigration reform, the elites of the party have told, you know, tea partiers and arch conservative elements, hey, we're not going to listen to you on this. what kind of -- >> i mean -- >> but does that -- i mean, i don't know. >> i think he is right about that, but i would take that -- i would flip it and reverse it because i think it implies there isn't latinos, which is really what the immigration reform compromise is all about are voting for democrats purely on the basis of immigration issues, which may be part of it, but also the other half of that gop elite equation is cutting very popular social insurance programs, so it's not clear that even if republicans piss off their base by going for immigration reform, that is enough for latino voters
this theme that republicans and arch conservatives in the republican party really care about cutting taxes on the rich, but when you study the tea party and the folks in the tea party, the thing they actually really care about is immigration. it's a big priority for them. they do not want to offer "amnesty" of any kind. effectively, in taking up immigration reform, the elites of the party have told, you know, tea partiers and arch conservative elements, hey, we're not going to listen...
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they started out with a $6.-- 6.2% social security taxes. they are mandate labeling mandate for for each $1 increase in the minimum wage. that's nearly $25,000 per year. they have paid sick leave mandates and not re-litigated any issues. i'm saying for you're operating a business, those are some of the mandates you start out paying, and we have to be careful about thinking about new ones. there's the health care mandates coming on, again, not to re-litigate them, if i were the owner of that twenty fast food restaurants, they tell me that they offer health care to their 542 employees, only 34 take it. if nothing changed next year, that is with the health care law didn't go in to effect, they would be spending $94,000 on health care under the health care law. if they opt to pay the penalty they'll be spending a million dollars instead of 94. that exceeds the net profit for the year 2013. if they were decide themselves to continue to offer health care, their cost would be between $400 ,000 and $1.4 million. you can apply the same sort of reason
they started out with a $6.-- 6.2% social security taxes. they are mandate labeling mandate for for each $1 increase in the minimum wage. that's nearly $25,000 per year. they have paid sick leave mandates and not re-litigated any issues. i'm saying for you're operating a business, those are some of the mandates you start out paying, and we have to be careful about thinking about new ones. there's the health care mandates coming on, again, not to re-litigate them, if i were the owner of that...
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can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. britta olsen is my patient. i spend long hours with her checking her heart rate, administering her medication, and just making her comfortable. one night britta told me about a tradition in denmark, "when a person dies," she said, "someone must open the window so the soul can depart." i smiled and squeezed her hand. "not tonight, britta. not tonight." [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. >>> you know, i bet when you order your french fries and then you eat them, you don't think much about how
can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. britta olsen...
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tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not a big fan right now. financials, the sectors will have the best earnings growth of any sector. cheryl: we discussed all the earnings. they said a very strong. but at the same time, you get, again, bank of america. there seems to be this crazy split between good banks and bad banks from a stock perspective. >> that is one reason that makes the big banks a bit risky to invest in big is the stock prices have all run up, but if you have any consistency in the margins and the inconsistency. just the voluminous disclos
tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not...
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Feb 1, 2013
02/13
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so that they're not double taxed. another thing that both the white house agrees on, the business community agrees on, republicans agree on is corporate tax reform. lower the corporate rate, close loopholes, and there are studies that show that could add as much as a percent to gdp. all of this would help companies bring more investment back to the u.s. and invest in jobs, and the white house has not shown leadership on either. jon: it would be good to see something work. nina easton, austan goolsbee, thank you both. >> thank you. >> thank you. jenna: dangerous new concerns about al-qaeda. the terrorist group is reportedly on the hunt for new western targets. coming up, we're going to tell you who exactly they could be targeting next. >>> also a day of remembrance today. nasa paying tribute to the men and women of space exploration who made the ultimate sacrifice for our country. >> i know it's hard to understand, but sometimes painful things like this happen. it's all part of the process of exploration and discovery.
so that they're not double taxed. another thing that both the white house agrees on, the business community agrees on, republicans agree on is corporate tax reform. lower the corporate rate, close loopholes, and there are studies that show that could add as much as a percent to gdp. all of this would help companies bring more investment back to the u.s. and invest in jobs, and the white house has not shown leadership on either. jon: it would be good to see something work. nina easton, austan...
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Feb 1, 2013
02/13
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MSNBC
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blunt, republicans, are -- i think that it's more important not to give more ground on taxes than it is to create certainty. so i think everyone agrees that uncertainty is a problem. i think basically everybody agrees that uncertainty is freezing businesses, a lot of businesses are sitting on huge amounts of cash, huge amounts of cash. that they're not acting on. but the problem is, that republicans just don't want to budge from their position on taxes, and i think the president, my own analysis, had been more flexible. but they would say the president cares more about protecting entitlements fully. uncertainty is a problem but not a bigger problem than the priorities of the republicans in particular. and also the democrats' entitlements. so i don't think we get a deal in the near future. >> well, that's not encouraging. and you've got these numbers, and jay carney asked to explain yesterday about the president's jobs council and said it had this two-year charter and expired and they'll continue to reach out to business leaders in had other ways. but karen, is this bad timing? >> yea
blunt, republicans, are -- i think that it's more important not to give more ground on taxes than it is to create certainty. so i think everyone agrees that uncertainty is a problem. i think basically everybody agrees that uncertainty is freezing businesses, a lot of businesses are sitting on huge amounts of cash, huge amounts of cash. that they're not acting on. but the problem is, that republicans just don't want to budge from their position on taxes, and i think the president, my own...
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KRON
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat. dreyer's ice cream is only $2.88. real big deals this week and every week. only at safeway. ingredients for life. >> 7:26 a.m. and here's a look at the golden gate bridge with beautiful skies here. temperatures in san francisco 49 degrees. arming of to 60s later on today. >> today as hillary clinton's last day serving as secretary of state. in our last interview before she stepped down she said that the attack benghazi was our low point and a time of the americas in her time as america's top diplomat. she suggested that bit of fear over the assault would not affect any decisions about her political
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat....
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the irs has delayed the start of tax season. there's a lot of confusion out there. but at h&r block we are ready. and the sooner you start, the sooner we'll help you get your refund. come on in. everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. campbell's. until i had the shingles. i have never encountered such a burning sensation... it was like a red rash. like somebody had set a bag of hot charcoal on my neck. i had no idea it came from chickenpox. it's something you never want to encounter. for more of the inside story, visit shinglesinfo.com of "got my medicare drug card" and "gotta get savings," bring in your prescriptions to walgreens. as a preferred pharmacy provider, we may help you save with lower co-pays.
the irs has delayed the start of tax season. there's a lot of confusion out there. but at h&r block we are ready. and the sooner you start, the sooner we'll help you get your refund. come on in. everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups...
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Feb 1, 2013
02/13
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KPIX
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so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. ♪ >>> with 150,000 fans showing up for the big game the city's public transit system has been gearing up. the first used streetcar line in more than a decade was just finished in time and mark strassmann is taking us for quite a ride you can see him now, mark? >> reporter: good morning, norah and charlie. i'm riding on the loyola avenue streetcar line in downtown new orleans, the city's newest streetcar line ready just in time for the super bowl. i want to show you what's going on ou
so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor,...
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Feb 1, 2013
02/13
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KNTV
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. totino's pizza rolls. [ ringing ] we're pregnant! honey! what? we're pregnant! we're pregnant? yeah! you're going to be a mom! you're going to be a dad! there's a little baby in there? there's a human being growing inside your stomach? yeah! now what? i don't know? what? introducing huggies mommy answers. the best advice in one place. from the brand new moms trust. this is amazing, how did you find us? i thought we might be related, so i had a fiber analysis done and sure enough, we're family. but you're not even shredded. you're...crunchy?! that happens sometimes. and you help keep people full with whole grain fiber? just like you guys. [ femal
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. totino's pizza rolls. [ ringing ] we're pregnant! honey! what? we're pregnant!...
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he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous. >> out of control. illinois has big, big problems. couldn't float debt this week because they were downgraded. if you want to see the future of this country? look at california, look at illinois. we are walking down that path. charles: gerri, you studied this stuff. false assumptions they make, when the money doesn't come in, what's the next move? >> here's what i think. places like california and illinois turn to the federal government and say, hey, taxpayer, hey american taxpayer, pony up because we can't pay our bill
he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous....
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Feb 1, 2013
02/13
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profit and after-tax profit. >> panasonic's net came to $670 million. group sales fell 8% from a year earlier. the company managed to cut costs by slashing jobs. a decline in the price of rare earths and other raw materials was also a help. the firm has kept its forecast for this fiscal year. it expects to lose more than $8 billion. panasonic officials says the business environment could change though the yen's decline would push up sales. competition in the digital product market has been intensifying. >>> sharp said it posted its first profit in five quarters in the final three months of last year. sharp executives say operating profit in the october to december period totalled about $28 million. that came largely from higher than targeted sales of smartphones and crystal television sets. the company set up a goal to start posting profits in the second half of this fiscal year that ended in march this is a condition for the firm to continue to receive support from its main banks. the managing director says the company will make speedy efforts to refor
profit and after-tax profit. >> panasonic's net came to $670 million. group sales fell 8% from a year earlier. the company managed to cut costs by slashing jobs. a decline in the price of rare earths and other raw materials was also a help. the firm has kept its forecast for this fiscal year. it expects to lose more than $8 billion. panasonic officials says the business environment could change though the yen's decline would push up sales. competition in the digital product market has...
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Feb 1, 2013
02/13
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CSPAN2
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, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in washington. however, all federal spending is spending on particular programs. spending is not just bad because it leads to these overall macro economic problems. spending a many hundreds of particular federal program caused damage to society and harm individual freedom and grid all kinds of other problems. so the issue with federal spending on the federal budget is not just the question of whether $3.6 trillion is too much to spend this year. but the problem is whether spending on the hundreds of particular federal programs causes damage to society a
, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in...
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Feb 1, 2013
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CURRENT
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the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small price to pay. >> john: markos moulitsas of day dailycros. thank you so much. >> thank you. >> john: we'll be right back after the break. ♪ question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how
the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small...
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that is not about taxes. it could become about taxes. we seem to have no new federal tax increases on the horizon. you never know how things will shake out. host: brian. new york says he is doing better and worse. tell us why. caller: the question reads, how are americans doing financially? my company, which is an oral -- auto repairs and auto parts, had a decrease in business and revenue in 2012. we have strong years and 2009, 011.0, and 2 when people keep their cars longer, we tend to be busy. looking at myself in 2012, we had some difficulties last year achieving the goals that we established for sales. however, it indicate that the economy is getting better. i have been in this business 35 years. that is consistent. a lot of our regular customers that were hanging onto their cars have bought new cars. if not new, at least one or two years old. that is a good indication that the economy is slowly coming back. guest: for small businesses they are often sole proprietorships or partnerships where the income directly goes to the person wh
that is not about taxes. it could become about taxes. we seem to have no new federal tax increases on the horizon. you never know how things will shake out. host: brian. new york says he is doing better and worse. tell us why. caller: the question reads, how are americans doing financially? my company, which is an oral -- auto repairs and auto parts, had a decrease in business and revenue in 2012. we have strong years and 2009, 011.0, and 2 when people keep their cars longer, we tend to be...
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the company blames the new health care law for that reason, specifically the medical device tax. london-based smith & nephew specializing in developing orthopedic reconstruction products says the cuts are necessary to deal with the new cost associated with the tax. that is 2.3%. expected to raise nearly $30 billion over the next decade. a majors is source of consternation for many of these companies. they fought it and fought it and they lost in the end. on this jobs thing, if you're a teenager in america, unemployment is almost 24%. that is ridiculous when you talk --. martha: greece for that population there. bill: the next generalmation of americans have to deal with that? we'll talk about that in a moment. martha: tough picture. speaking of lay youfls we've been talking about the president happenedding a pink slip to the group he formed to bring back jobs. charlie and i were discussing about that. was the jobs council an exercise if futility or did it have meaning? they don't want it anymore. bill: 7.9%. >>> a 5-year-old boy is still held hostage in a underground bunker. how
the company blames the new health care law for that reason, specifically the medical device tax. london-based smith & nephew specializing in developing orthopedic reconstruction products says the cuts are necessary to deal with the new cost associated with the tax. that is 2.3%. expected to raise nearly $30 billion over the next decade. a majors is source of consternation for many of these companies. they fought it and fought it and they lost in the end. on this jobs thing, if you're a...
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CNBC
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the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know you're not a stock guy, not going to give me something specific on herbalife but i know you know these guys. who's right? >> so i'll caveat my answer with the fact that i've not studied herbalife. i don't know whether -- knowing all of the different players, i've known some better than others for a long time. dan lobe is one the most talented investors in the world. he's a good friend. and i would never bet against dan lobe. so i think ackman's got a tough road from here. >> thanks for having a little fun with that. carl, you heard it there. do not bet again
the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know...
WHUT (Howard University Television)
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Feb 1, 2013
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WHUT
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but we managed to post a before tax profit and an after tax profit. >> panasonic's net came to $670 million. group sales were down, though, 8% from a year earlier. the company managed to cut costs by slashing jobs and a decline in the prices of rare earths and other raw materials was also a help. now the firm has kept its forecast for this fiscal year. it's expecting to lose more than $8 billion. panasonic officials explained that the business environment could change, though the yen's decline would push up sales. they also note that competition in the digital product market has been intensifying. many japanese manufacturing companies try to regain financial health employment is coming increasingly under pressure. the number of workers in the country has dropped now below 10 million, that's the first time that's happened in more than 50 years. researchers at the internal affairs ministry says the.90 million people were unemployed in manufacturing in december. that's down 350,000 from the same month a year ago. that was the first time since 1961. the figure also marks a 38% decline from the
but we managed to post a before tax profit and an after tax profit. >> panasonic's net came to $670 million. group sales were down, though, 8% from a year earlier. the company managed to cut costs by slashing jobs and a decline in the prices of rare earths and other raw materials was also a help. now the firm has kept its forecast for this fiscal year. it's expecting to lose more than $8 billion. panasonic officials explained that the business environment could change, though the yen's...
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sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. yeah, we have an economy that's still struggling despite some positive signs like higher consumer spending, higher business investment. the job market is similar. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly awaiting the government's january jobs report. analysts predict the country added jobs last month but not enough to buck the unemployment rate from its current 7.8%. >> it's been a slow process. >> latoya patrick is one of america's estimated 12 million unemployed workers. she's been looking for a job since the fall after graduating with a master's degree. >> i'm not going to lie. it's been really tough sometimes. when you're home, you feel like you feel like you know i spent all this time going to school and it's like nobody's giving you a chance. >> economists say until more people like latoya find jobs the
sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. yeah, we have an economy that's still struggling despite some positive signs like higher consumer spending, higher business investment. the job market is similar. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly...